The Very Good Food Company (NASDAQ:VGFC) Stock Pulls Back After Recent Rally
Shares of The Very Good Food Company (NASDAQ:VGFC) ended lower after recent rally.
Market Stats
On Friday, VGFC stock fell 6.16% to $0.6398 with more than 1.18 million shares, compared to its average volume of 453K shares. The stock moved within a range of $0.6111 – 0.7199 after opening trading at $0.65.
Latest News
The Very Good Food Company (NASDAQ:VGFC) on February 3, 2022 announced surged retail distribution as well as inaugural production from the Patterson Facility. The firm’s Very Good Butchers products are available in more than 400 locations in 30 cities in about 25 states in USA. Its products are also available across 1100 locations across Canada. The Very Good Food Company’s augmenting list of retailers now includes Earth Fare, Metropolitan Markets, Deans, Harmons, Erewhon Markets amongst many others.
Furthermore, the company said that it commenced production of Taco Stuffer at the Patterson facility in California in quarter four of 2021 for meeting the surging sales volume. It is also planning to produce Stuffed Beast and more innovate products during the year.
In October 2021, the firm announced launching spicy iteration of Nexty Award Winning Meatballs, Spicy Meatballs. Very Good also introduction of two new plant-based ground meats, A Cut Above Beef and A Cut Above Pork. Fresh addition to its Select line-up ensure that its dedication to minimally processed ingredients non-GMO Project Verified cater to consumers’ diverse dietary needs.
Mitchell Scott, co-founder and CEO of VERY GOOD believes that delicious, diverse and unexpected butcher shop quality plant-based meats make the brand unique. Scott added that the new offerings are giving consumers greater options for better choices.
Traders Corner
VGFC stock is trading above the 20-Day and 50-Day Moving averages of $0.57 and $0.61 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.80.
